Markets

No change in repo rate, GDP projected at 6.5% for FY24

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

Apr 6, 2023

Twitter co-founder Jack Dorsey to take home nearly $1 bn once Elon Musk closes deal

After Adani, Hindenburg targets Twitter former CEO Jack Dorsey, makes him poorer by $526 million

Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index. His firm Block's shares nosedived as much as 22 per cent on Thursday, before closing down 15 per cent late on Thursday.

Mar 24, 2023

Hindenburg to come out with one more report, details not given

The US short seller said another report is in pipeline, in a tweet a few hours ago without giving further details.

Mar 23, 2023

Last time hike? US Fed raises interest rates again, defends move

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation

Mar 23, 2023

Sensex up 370 points high, IT, FMCG under pressure

US stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts brought confidence levels back in the financial system.

Mar 21, 2023

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

What we have in India today is a well-regulated and well-supervised banking sector and even the NBFCs sector and other financial entities come under the RBI's domain, says RBI Governor

Mar 18, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

The US' Dow opened the day with a decline of more than 600 points Wednesday as banking fears spread across global markets, reports said.

Mar 16, 2023

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

Asian markets are poised to rebound on Wednesday as investors re-enter after the worst of the global fallout from the American banking sector has passed.

Mar 15, 2023

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

Many Indian startups choose to be incorporated in the US. The money raised from access to global VC is deposited in SVB.

Mar 14, 2023

SVB Collapse Update: Germany halts operations, US bank shares tumble

In London, Standard Chartered is down 6 per cent with Barclays losing 5 per cent. The market is sending a consistent message that a US recession is about to start,

Mar 14, 2023

Market upbeat on Adani shares despite rating agencies downgrading group companies

ICRA on Friday downgraded the outlook for Adani Total Gas to 'Negative' from stable on Friday but the market rebounded on Friday and again Monday with surge in Adani group shares

Mar 6, 2023

Market: Sensex, Nifty open high, Adani Ent shares surge 8%

Indian shares logged weekly gains on Friday after U.S. boutique investment firm GQG Partners' $1.87 billion investments in Adani group stocks

Mar 6, 2023

Adani group impact: Indian stock markets up, Sensex gains 899 points

After several days of fall, Indian stock markets rebounded on Friday with both -- the Sensex of BSE and the Nifty 50 of NSE -- on the positive sides.

Mar 3, 2023

GHQ Partners defends mega deal to buy Adani stake in 4 companies at $1.87 billion

Rajiv Jain, who had spent 22 years at Vontobel Asset Management before setting up GQH, said the deal was blocked after due diligence and that he has been following Adani Group for six years